Prepare a Prime Book Entry - Finance Assignment Help

Assignment Task :

1 Initial investment to start the business with RM105,000 cash
2 Put RM90,000 of the cash into a bank account
3 Bought goods for cash RM5,500
4 Bought goods on credit from: Kayu RM800; Sayu RM930; Jayu RM160; Bayu RM510
5 Bought stationery on credit from Berdy Bhd RM89
6 Sold goods on credit to: Camex RM170; Bamex RM240; Gamex RM326; Tamex RM204.    
8 Rent paid by cheque RM220
10 Bought fixtures & fittings by credit from Chamm Bhd RM610.
11 Paid salaries in cash RM790.
14 Returned goods to Sayu RM30; Jayu RM42.
15 Bought van by cheque RM6,500.
16 Received loan from Baitulmal by cheque RM2,000.
18 Purchases return: Camex RM5; Gamex RM20.
21 Cash sales RM145
24 Sold goods on credit to Bamex RM130, Tamex RM410; Pamex RM158.
26 Eva paid the following by cheque: Sayu RM900; Jayu RM118.
29 Received cheques from Pamex RM158; Bamex RM370.
30 Received a further loan from Baitulmal by cash RM500.
30 Received RM614 cash from Tamex                    
 

Required:            
(a) Prepare a Prime Book Entry for the above transactions    
(b) Record the transactions in Ledgers and Balance-off the ledgers.    

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